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FINANCIAL NEWS
Oman’s projects market to post remarkable growth
20 Oct 2014
(MENAFN) Oman’s projects market is expected to grow as the Sultanate doubled its investment in turnkey projects over the next few years, Oman Observer presorted.
However, by 2015 the country will post an influx of up to USD26 billion in capital expenditure and pipeline opportunities including the latest Duqm developments valued at USD12.5 billion and fisheries harbors valued at USD13.6 billion respectively.
Accordingly, USD145 billion worth of projects are currently under way or will be awarded in Oman, according to MEED projects, the region’s leading projects tracker.
Among the projects at the forefront of Oman’s aggressive expansion program are USD26 billion Khazzan & Makarem Fields projects, Oman’s Suwaiq IWPP and Haima Solar Thermal Hybrid Power Plan.
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